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Loveland Bank of Commerce

Loveland, CO · Cert 58642

FDIC

Q4 2010

$42.9MAssets
$38.0MLoans
$36.2MDeposits
$6.6MEquity
Loan mix
81%RE $14.2M18%C&I $3.2M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
97%Interest-bearing $35.1M3%Noninterest $1.0MQ4 2009Q4 2010

NIM

4.58%Q4 ’084.88%Q4 ’095.59%Q4 ’10+16%+44%

Non-interest income vs. expense

3.27%Q4 ’082.84%Q4 ’092.84%Q4 ’10-26%+3%

Executive Summary

  • Earnings: ROA of 0.94%, up 330 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
  • Funding: loans stand at 105.09% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

0.94%+330 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+116 bps YoY

Efficiency Ratio (YTD, annualized)

68.34%-2,393 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-2.35%0.34%0.63%0.65%0.94%+330 bps
Return on Equity-12.95%2.17%4.03%4.13%6.02%+1,897 bps
Net Interest Margin2.64%3.57%3.71%3.67%3.80%+116 bps
Efficiency Ratio92.28%72.48%68.95%65.17%68.34%-2,393 bps
Non-Interest Burden2.40%2.57%2.45%2.24%2.48%+8 bps
Growth
Asset Growth (YoY)24.97%9.68%8.50%3.90%7.16%-1,781 bps
Loan Growth (YoY)23.23%20.64%1.58%5.64%13.23%-1,000 bps
Deposit Growth (YoY)41.75%15.51%16.76%7.63%10.73%-3,102 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.61%0.42%0.76%0.48%0.78%-84 bps
Allowance / Loans1.67%1.68%1.67%1.92%1.43%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital19.26%19.13%20.54%20.30%18.89%-37 bps
Equity / Assets15.60%15.28%15.98%15.92%15.45%-14 bps
Liquidity & Funding
Loans / Deposits102.77%104.02%100.03%103.18%105.09%+232 bps
Liquid Assets / Assets13.50%12.30%13.18%11.01%9.41%-409 bps
CRE / Total Capitaln/an/an/an/an/an/an/a